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Recent real estate law questions

I have an exclusive 30 day option to buy a piece of land in

I have an exclusive 30 day option to buy a piece of land in Nevada.I do not have a real estate licenseMy intention is to market the land on the internet with photos and description, find a buyer and do a double close (concurrent close or A to B to C closing) with a title company.Would I be breaking any laws?Do i need to disclose in my ad that I am not the legal owner?Am i allowed to post an ad at all?are there any restrictions to what and how i can market?ThanksPat

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Barrister

Attorney/Landlord/Realtor

Doctoral Degree

 
44,694 satisfied customers
Real Estate Attorney. I sold a property two years back I

For a Real Estate Attorney. I sold a property two years back I have a Real Estate License but have not actively sold for 19 years. I hired a Broker to list the property.To make a long story short another Broker representing herself made an offer. Afterlots of negiotations through my Broker she backed out because a TDS was not issued to her. My Broker verbally told me you do not need a TDS for a commercial property but after checking it was two residential units and two commercial units and yes it was required. I am suing him for damages I sold the property but for $250,000 less it is ascertaining I should have know because I was an agent can this fall on my lap? Thanks

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William B. Esq.

Attorney

Doctoral Degree

 
18,354 satisfied customers
I'm trying to confirm if I need a Virginia real estate

Hi, I'm trying to confirm if I need a Virginia real estate license or services of an agent/broker to buy raw land out of state and resell wholesale via online sites such as ebay or Criaglist. I may be buying and owning the land for about 90 days before I sell, or I may just own an option on the land before selling that option. Thanks, Chris

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Law Educator, Esq.

Attorney At Law

Doctoral Degree

 
104,210 satisfied customers
I have a question. I have my realtor specific instructions

Hello. I have a question. I have my realtor specific instructions about handling the sale of my home. I asked the alarm be on at all times. We were out of state and trusted her with the property. When we saw the house one last time.. The alarm was off and the screen door was off the track. Even though the house did sell the realtor did not follow instructions and allowed the prospective buyer in an out with out notice and with out locking up everything. She collected full commission.. Because her theory is well I sold it. Do I have any recourse?

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J. Warren

Attorney

Doctoral Degree

 
3,858 satisfied customers
Educator.HELP!!! Continuing on now. Selling my

For Law Educator.HELP!!! Continuing on now. Selling my home and not once but twice, my realtor failed to make sure earnest monies were collected from a cash buyer. Yes the same one came back twice after breaching the first contract....my realtor pushed us to accepting again because he gave a bogus family emergency situation as to why he breached the first time. We demanded financial proof he could afford the home along with this being a valid transaction. My realtor assured me not to worry even though I asked about the proof several times. Long story short, we finally got both signatures on a purchase agreement on a Sunday afternoon...my realtor set up closing for the following Tuesday...when I asked about the earnest money she stated he would bring it Tuesday....I said that is not how you are supposed to do business because I was sure by then this guy was escaping...again....low and behold, never showed up for closing. I sued the realtor, broker and Carpenter. First atty promised me the moon, then withdrew, second atty says no problem then tells me because it was Sunday the realtor had two business days to deposit..yes of course but how about the collecting...he is now telling us to withdraw our complaint....Will you please shed some Indiana law regarding the collection of earnest money?Thank you again!

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Law Educator, Esq.

Attorney At Law

Doctoral Degree

 
104,210 satisfied customers
An individual I know is looking to buy mobile home parks and

An individual I know is looking to buy mobile home parks and offered a referral fee of 5-10% to anyone who found one that he bought.First question: Do I need any sort of license or certification to refer this individual to the seller of the park?Second: I have asked for, and been offered a 3% referral fee from the buyer to bring them a seller. Is there a problem with getting a referral fee from both the buyer and the seller?Third: I have gone to Rocket Lawyer and created a Referral Fee Agreement Document. How do I ensure I get paid from either individual (assuming the park changes hands)? It seems that once I connect them, unless they both sign the referral document first, they could easily ignore their promises to give me the referral fee. How would I even know if the park was sold to my buyer? What is the process that ensures I get paid if the transaction occurs?Thanks, PhilipBTW: The park and seller is in North Dakota, the Buyer is in Texas. I am in North Carolina.

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Ray

Lawyer

Doctoral Degree

 
33,892 satisfied customers
I own a home that was rented, had a rental manager taking care

I own a home that was rented, had a rental manager taking care of all issues and collecting rents, she got the tenants, guess they were good, always on time but very soon I started getting amounts discounted from the rent, mostly for "repairs and maintenance", at the beginning I was told about the necessary repairs, I accepted the expenses. All this done according to the contract with this administrator; she got an assistant and eventually, they stopped letting me know about repairs, would just deduct amounts from the rent, I would request receipts but got only four, justifying only a small amount of the "repairs"; things in the house appeared to get broken often but she would always say it was normal wear and tear. Tenants were two women, a son and a young brother of one of them. One time the front door broke(a big heavy door lock which was fairly new, I was told the brother was trying to open the door and the lock just broke (?) Anyway, one day assistant told me there was a break-in, happened on a Friday night around 5 or 6 o'clock, just before tenants came home from work, nothing was taken, I said call the police, tenant didn't want to do it but I insisted, they said butglar tried to get in through a high window; this is a one story house, windows are low, so I went to see what had happened and how. Tenant and manager's assistant present, tenant told me person just came in back yard and apparently, went directly to the only one window which was open: a very small window on top of the shower, then, in order to reach it, stepped on a water spigot, which broke and started gushing water, somehow, burglar still managed to climb in through this window, got inside, THEN realized there is a pit bull in there so he decides to leave thru the sliding glass door... that was it.... Part of the story is that the second woman was in the house but takes sleeping pills so she doesn't hear anything... sleep at 5- 6 in the evening? Oh no!, this was on a Saturday, around 10 in the evening... they had gone out to dinner for a birthday... not the second tenant, she was, of course, sound asleep, her car on the driveway... I didn't believe any of this, thought that maybe the brother had tried to enter the house through the window, I have the feeling that at times he tries to sneak in the house without being noticed... I got a copy of the police report, the story given to them is different, they said they were all gone. Anyway, manager wanted me to pay for repair, I said no, it was unfortunate but that was not a problem with the house, those things can happen to anyone. Manager got upset and talked tenants into moving out, started sending me nasty messages saying I had mistreated the tenants... blah, blah blah., and she was not going to keep any money from the tenan'ts deposit, it was not fair, then said she wasn't working for me anymore and returned the security deposit. This, of course, is a breach of contract as her job was not done. Tenants moved out March 31st. house was left very clean, but I've had to do a lot of work that this manager was supposed to do. I am wondering what to do about the deposit, do I return it all? It was hard to find and deal with repair people to repair the damage to the faucet and wall caused by the supposed thief. Cost was $480 I've returned all but $700 of the deposit (within the 21 days required) with the explanation that I need to find out who pays for that damage and also take time to find whether the utilities were all paid to the last day of the tenans' stay. Now I've got a letter from the tenants, (the language is that of the manager, the tenants don't even speak English) requesting their full deposit and indicating if they don't get it all they will hire a lawyer to sue me. I am selling the house, am tired of tenants, I see that, even with an administrator things doesn't work, I could sue this woman for breach of contract and defamation but I am tired, old and alone, don't want to deal with those issues even if I am right, but, I am not leting anyone take advantage of me, going to stand by what is right. I read paragraph 18 D (2) of the TAR Residential Lease, it says landlord does not have to pay to repair damages unless caused by landlord's negligence... so, please advice me... return all the deposit? or keep the $480 to repair the damages and fight the tenants, who are being advised by the manager? sue her also for breach of contract? she got a good amount of money at the beginning of her contract then a smaller amount every month... Please help...

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N Cal Attorney

Doctoral Degree

 
6,980 satisfied customers
I placed $2500 earnest money down on a house in Alabaster (Selby

i placed $2500 earnest money down on a house in Alabaster (Selby County) AL. The contracts were signed, however the property did not appraise for the selling and agreed upon price. How can i get my earnest money back without spending a lot of money and time? Thank you! Rhonda Barnett

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Loren

Juris Doctor

 
34,606 satisfied customers
I am currently renting an apartment in NY. My lease ends

Hi, I am currently renting an apartment in NY. My lease ends in 4 months and I plan to move somewhere else.Can I receive a finder fee if I put in contact my landlord with a prospective tenant?Thanks

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LawTalk

Attorney at Law

Juris Doctor

 
31,004 satisfied customers
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